According to a forecast by STL Partners, the global revenue from private mobile networks is estimated to grow from $2.3 billion in 2025 to $22 billion in 2030. The manufacturing industry vertical will lead the way in terms of spending. Rosalind Craven, principal analyst at STL, said private networks remain a fast-growing market, but cautioned growth alone will not make success straightforward for vendors and telcos operating in it. “Private networks can support many of those goals, but success hinges on communicating that value clearly and winning budget priority against competing investments”. STL said it gathered data from across 15 vertical industry verticals, seven use case groups and nine value chain components across 33 countries for its report.